RCI Hospitality Holdings Inc (NASDAQ:RICK) Declares $0.07 Quarterly Dividend

RCI Hospitality Holdings Inc (NASDAQ:RICK) declared a quarterly dividend on Wednesday, December 4th,RTT News reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.07 per share by the restaurant operator on Monday, December 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, December 16th.

RCI Hospitality has raised its dividend by an average of 17.0% per year over the last three years. RCI Hospitality has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RCI Hospitality to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 6.7%.

RCI Hospitality Stock Performance

NASDAQ:RICK opened at $51.31 on Friday. The firm has a market capitalization of $461.64 million, a P/E ratio of 98.67 and a beta of 1.60. RCI Hospitality has a twelve month low of $37.61 and a twelve month high of $69.40. The company has a fifty day moving average of $46.41 and a 200-day moving average of $45.36. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RICK shares. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Monday, October 7th. HC Wainwright reaffirmed a “buy” rating and set a $98.00 price target on shares of RCI Hospitality in a research note on Wednesday, November 6th.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.